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how the Coronavirus is impacting short-term rental markets globally.
Transparent estimates here the paid occupancy of global short term rental stock. In this chart, the occupancy represents the percentage of properties booked for a given day within the entire home category, excluding hotel rooms.
This chart shows the difference in occupancy from one year to another. Since January as one can expect, the occupancy drop has accelerated significantly in all short term rental globally.
Unsurprisingly, China has shown the steepest decrease in occupancy for the first quarter of 2020. Even though January and February were relatively stable for most countries, March shows the severity of the situation with most affected countries showing significant occupancy drops. It is expected that these drops in demand accelerate over the up and coming weeks.